Det Norske Farms-Out 10% in 3 Production Licenses Including Yme Field

The Norwegian Ministry of Energy and Petroleum has approved Det norske oljeselskap's sale of 10% in production licenses 316, 316B, 316CS and 316DS to the Polish Company Lotos Exploration and Production Norge AS.

The transaction includes the Yme field, which is currently under development. Det norske will receive close to MNOK 600 in cash for these assets.